Agnico Eagle Mines Limited (AEM) Director Sells C$42,896.00 in Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of C$53.62, for a total value of C$42,896.00.

Shares of TSE:AEM opened at C$54.20 on Friday. Agnico Eagle Mines Limited has a 12 month low of C$48.04 and a 12 month high of C$68.76.

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Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.27 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.24 by C$0.03. The firm had revenue of C$717.92 million during the quarter, compared to the consensus estimate of C$709.69 million. Agnico Eagle Mines had a return on equity of 2.85% and a net margin of 6.21%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.135 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.54 dividend on an annualized basis and a yield of 1.00%.

A number of brokerages have recently weighed in on AEM. National Bank Financial lowered their price target on Agnico Eagle Mines from C$77.00 to C$70.00 in a report on Friday, January 26th. Canaccord Genuity upped their price objective on Agnico Eagle Mines from C$77.00 to C$81.00 in a research note on Friday, January 19th. Finally, Desjardins restated a “buy” rating and set a C$60.00 price objective on shares of Agnico Eagle Mines in a research note on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$68.67.

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About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. The company primarily produces and sells gold, as well as explores for silver, zinc, and copper.

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